Chart - Courtesy Trading View
AUD/USD was trading 0.59% higher on the day at 0.7088 at around 03:10 GMT.
The Australian dollar finding bids ahead of the Reserve Bank of Australia (RBA) interest rate decision.
The Reserve Bank of Australia (RBA) is expected to deliver a hawkish monetary policy outcome and Interest Rate Decision at 04:30 AM GMT later on Tuesday.
Markets expect the RBA to lift its 0.1% cash rate to 0.25% and follow with a move to 0.5% in June.
Futures imply a whole string of hikes taking rates to around 2.5% by the end of the year and to 3.5% by the middle of 2023.
Focus will be on the monetary policy Rate Statement that follows for cues on near-term AUD/USD moves.
Technical bias for the pair is majorly bearish. Oversold conditions may cause some pullbacks. However, retrace is likely to be limited.


FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major European Indices
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists 



